A U.S. Treasury study claims that fully integrating CBDCs into the economy would destabilize banks. A recent White House report criticized stablecoins, claiming that they are too vulnerable to run risks to fulfil their role as a “fast payment” instrument. A study released by the Office of Financial Research (OFR) on 22 March claimed that…
The Australian regulator has reportedly asked local banks to report on cryptocurrency transactions in the aftermath of SVB’s collapse. The announcement comes just a few days after the Australian Banking Association opened a cost-of-living inquiry. The Australian Prudential (LON: PRU ) Regulation Authority (APRA) has reportedly asked local banks to report on cryptocurrency transactions. This…
(Bloomberg) — The rush to add liquidity into the monetary system is “the most overt sign” of financial stress and a clear negative for the dollar, according to Alan Ruskin, chief international strategist at Deutsche Bank AG (NYSE: DB ). “The Fed adding to its balance sheet but being slow to resolve the underlying financial…